Institutional Manager · CIK 0001005607
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC
SAN FRANCISCO, CA · File #028-05208
Latest AUM
$1.94B
Positions
196
Top-10 Concentration
42.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | LAS VEGAS SANDS CORP | LVS | -149,129 | -$9.7M | +$4.3M |
| REDUCE | ALPHABET INC | GOOG | -28,295 | -$8.9M | +$8.3M |
| NEW | UNITEDHEALTH GROUP INC | UNH | +25,002 | +$8.3M | $0 |
| EXITED | LKQ CORP | 501889208 | -269,737 | -$8.2M | $0 |
| EXITED | CENTENE CORP DEL | 15135B101 | -229,813 | -$8.2M | $0 |
| REDUCE | ALPHABET INC | GOOG | -18,562 | -$5.8M | +$9.8M |
| ADD | NIKE INC | NKE | +84,612 | +$5.4M | -$508,918 |
| NEW | TREX CO INC | TREX | +149,836 | +$5.3M | $0 |
| REDUCE | VANGUARD INTL EQUITY INDEX F | 922042775 | -54,064 | -$4.0M | +$4.2M |
| ADD | MERCADOLIBRE INC | MELI | +1,918 | +$3.9M | -$2.6M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025196 pos · $1.94B
- 13F HOLDINGS REPORTQ/E Sep 2025206 pos · $1.97B
- 13F HOLDINGS REPORTQ/E Jun 2025205 pos · $1.88B
- 13F HOLDINGS REPORTQ/E Mar 2025212 pos · $1.73B
- 13F HOLDINGS REPORTQ/E Dec 2024218 pos · $1.73B
- 13F HOLDINGS REPORTQ/E Sep 2024221 pos · $1.76B
- 13F HOLDINGS REPORTQ/E Jun 2024218 pos · $1.67B
- 13F HOLDINGS REPORTQ/E Mar 2024201 pos · $1.62B
- 13F HOLDINGS REPORTQ/E Dec 2023195 pos · $1.35B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VANGUARD INTL EQUITY INDEX F | 922042775 | 1,855,761 | $136.5M | 10.06% |
| 2 | APPLE INC | AAPL | 284,356 | $77.3M | 5.69% |
| 3 | MICROSOFT CORP | MSFT | 134,267 | $64.9M | 4.78% |
| 4 | VANGUARD INTL EQUITY INDEX F | 922042858 | 1,187,290 | $63.8M | 4.70% |
| 5 | ISHARES INC | 46434G822 | 527,152 | $42.6M | 3.14% |
| 6 | VANGUARD INTL EQUITY INDEX F | 922042874 | 488,540 | $40.8M | 3.01% |
| 7 | VANGUARD INDEX FDS | 922908553 | 454,327 | $40.2M | 2.96% |
| 8 | ALPHABET INC | GOOG | 120,978 | $38.0M | 2.80% |
| 9 | NVIDIA CORPORATION | NVDA | 197,016 | $36.7M | 2.71% |
| 10 | JPMORGAN CHASE & CO. | VYLD | 110,574 | $35.6M | 2.62% |
| 11 | AMAZON COM INC | AMZN | 140,311 | $32.4M | 2.39% |
| 12 | SPDR INDEX SHS FDS | 78463X863 | 1,148,055 | $32.1M | 2.37% |
| 13 | SSGA ACTIVE ETF TR | 78467V608 | 768,820 | $31.7M | 2.34% |
| 14 | ISHARES TR | 46434V878 | 565,427 | $28.6M | 2.11% |
| 15 | ALPHABET INC | GOOG | 90,218 | $28.2M | 2.08% |
| 16 | GLOBAL X FDS | 37954Y491 | 609,314 | $27.8M | 2.05% |
| 17 | BARCLAYS BANK PLC | VXZ | 736,022 | $27.7M | 2.04% |
| 18 | ADVANCED MICRO DEVICES INC | AMD | 108,750 | $23.3M | 1.72% |
| 19 | ISHARES INC | 464286814 | 393,201 | $22.4M | 1.65% |
| 20 | DANAHER CORPORATION | 235851102 | 97,701 | $22.4M | 1.65% |